Updated Oct 28, 2024
Meta Home Buyers Acquire Mixed-Use Property In Belleville For $1.2M
103 Washington Avenue, Belleville, New Jersey 07109, United States
$1,225,000
$122/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Apr 6, 2022
About this deal
AI
The mixed-use property located at 103 Washington Ave in Belleville has been sold in a closed transaction. The property spans across 10,000 square feet and consists of both residential and commercial units. The sale price for this transaction was $1,225,000, with an asking price of $1,700,000. This amounts to a price per square foot of $123.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,225,000
- Address: 103 Washington Ave, Belleville
- Market: Belleville
The buyer in this transaction was Meta Home Buyers, represented by Roy Temiz and Mike Mankowski. They acquired the property off-market and purchased it for a price of $1,225,000. The seller of the property was Banoud Yousef.
Note: This acquisition by Meta Home Buyers was assigned to Roy Temiz through Rodani Homes LLC.
Players
Belleville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
About $122 per square foot on a published $1.2M for 10,000 square feet (2022).
Browse New Jersey mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93